Owner financing Manchester NH
2 residential homes and 5 multi family properties in Manchester New Hampshire offer owner financed purchase terms for the qualified buyer. This may signal the return of seller financial incentives, which is much needed by buyers in a tight lending environment. Buyers who know the time is right to purchase their dream home or first investment property, may be able to negotiate a contract with these sellers to allow them to purchase real estate without relying on bank financing.
Even in the current super low interest rate environment, financing of non-owner occupied investment properties, or even owner occupied multifamily properties with more than 4 units are challenging. To consider rental income when determining buyer qualifications, most lenders require signed lease agreements as proof of future cash flow. With currently high vacancy rates it is difficult to acquire reliable tenants for an investment property to be purchased.
Most of the time owner financing terms are tougher than open market lending rates and deposit requirements. Sellers who are willing to assume the extra risk of lending money to the buyer, want higher than market interest rates and significantly larger deposits amounting to 20-50% of the purchase price. Some offer 30 year terms with a 10 year balloon. Even with above market rates, owner financed purchases can be attractive for self employed people or investors looking to leverage their cash.
Based on information of MLS listings in NNEREN, the Northern New England Real Estate Network, Inc. for the period through May 3rd, 2009 these are the properties for sale in Manchester New Hampshire that offer owner or special financing terms:
Award winning residence – family home since 1893, copper ceilings, cherry, oak, maple & hand carving, crown molding, professional dual use available for doctors, lawyers, dentists, funeral, etc. Owner financing available. Lease option available.
3 Bedrooms 2 Total Baths 1,378 SqFt .15 Acres Built in 1975
POSSIBLE OWNER FINANCING on this Lovely Split with HARDWOOD FLOORS, FENCED IN BACK YARD, MULTI-TIER DECK, FINISHED LOWER LEVERL WITH WOODSTOVE HOOK UP and much more! Located in a great commuting location minutes to highway! BONUS – 1 Year Free Home Warranty!
Condo conversion w/large profits a distinct possibility! COLONIAL INC ATTACHED CARRIAGE HOUSE 5 FAM. MANY ARCHETECTUL FEATURES. 1ST FLR, UNIQUE, MOD 7+RM 4BR, 3 BATH 2300SQ FT OWNERS APT W/HWD AND MARBLE FLRS. 12X20 DECK. UPDATES INC 5 HEAT SYSTEMS, SIDING, WIRING, ROOF, WINDOWS. LG LOT IN EXCEL HANOV HILL LOC. UNIT 5 IS 3RM 1 BR 1 BATH $650mo
Location, Location, Location…3 Family dwelling perfect for owner occupancy, located on double lot (possible subdivision). Beautiful large green yard with cabana, 6 cars off street parking. Two decks and one enclosed three season porch.Apartments are completely renovated. FINANCING AVAIL, WE PAY CLOSING COSTS. Owner is licensed NH broker.
Mansard style 3-family in very good condition. Owner occupied for 60 yrs. Recent updates have been done including new bath, flooring, 2nd flr. windows, new separate Circuit breakers w/house meter. Qualifies for special financing through Neighborworks. $4,000 towards buyer closing cost.
Perfect 3 rental unit investment. Three-units set up as condos that are very easy to manage, perfect for novice investor or expert looking to add 3 hassle-free units to their portfolio. Don,t wait on this two family buiding with a small cottage on the same lot.!Owner will finance a qualified buyer at 8.5% fixed.agent-broker interest
3,940 SqFt .11 Acres Built in 1936
Work and live here. 8 plus rooms above two storefronts, all with separate entrances. Currently occupied by the same owner for over 50 years. Hardwood floors throughout, central air. Zoned B-1 for many number of uses. Possibility of owner financing for the proper buyers.
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Foreclosures in Hillsborough County NH
